Macro update
\nWall Street hits fresh records:<\/p>\n
The\u00a0Dow Jones<\/a>,\u00a0S&P 500<\/a>, and\u00a0Nasdaq 100<\/a> all closed at new all-time highs, with modest gains led by strength in technology stocks<\/a>.<\/p>\n Payrolls data delayed:<\/p>\n The release of monthly non-farm payrolls<\/a>, originally scheduled for today, has been postponed due to the ongoing government shutdown.<\/p>\n Jobs and policy outlook:<\/p>\n With the shutdown stalling official labour data, investors<\/a> have turned to private surveys, which indicate soft hiring trends. Markets now broadly anticipate two more Federal Reserve (Fed)<\/a> rate cuts this year, including one in October.<\/p>\n Global markets:<\/p>\n Asian equities<\/a> rallied to record highs, Europe\u2019s\u00a0STOXX 600<\/a> also reached a new peak, while\u00a0gold<\/a> hovered near record levels and the\u00a0Japanese yen<\/a> was on track for its strongest week since May.<\/p>\n Dow Jones hits record closing high<\/p>\n The Dow Jones Industrial Average closed at a record high of 46,589 on Thursday, slightly below its September intraday peak of 46,714, which remains in sight.<\/p>\n Minor support below these levels may be found around Thursday’s low of 46,284 and the 11 September high of 46,137.<\/p>\n Further support sits between\u202fthe 5 September high of 45,770, the August peak of 45,757, and the previous week’s low of 45,667. Only if this area is breached might a retracement toward the July peak and early September low of 45,296 to 45,017 ensue.<\/p>\n Dow Jones daily candlestick chart<\/p>\n","protected":false},"excerpt":{"rendered":"Macro update Wall Street hits fresh records: The\u00a0Dow Jones,\u00a0S&P 500, and\u00a0Nasdaq 100 all closed at new all-time highs,…\n","protected":false},"author":2,"featured_media":59039,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,61,60,123],"class_list":["post-59038","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-ie","tag-ireland","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/59038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=59038"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/59038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/59039"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=59038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=59038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=59038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}